Be Confidence of Machinery Industry Prospects

Machinery Industry makes positive contributions to National Economic Development and Construction for our country and plays the role of the Pillar Industry. In 2009, self-sufficiency of Machinery Products Market improves to 85% further. Machinery Industry’s construction rate to the national industry output, new products output value, profits and taxesare 31.86%, 67.58%, 57.91% and 31.86% respectively, which rank the first place in all industrial industries. In 2010, Chinese machinery industry production and sales amount reaches to an all-time height:

All round the year, the total industrial output is 14.38 trillion RMB, the sales value is 14.06 trillion RMB, on year-on-year basis, which reaches 33.93% and 34.26% respectively. Since March 2010, the monthly output of mechanical industry for 10 months is more than 1.1 trillion RMB, which has entered the new period of trillion Yuan.

Machinery industrial production and sales grows fast in recent years, the industry scale continues to expand, which thanks to the national policy support for mechanical industry, especially after Chinese government carried out the PACKAGE PROGRAM to tackle the international financial crisis, related industry adjustment and revitalization plan implement step by step, which promoted the mechanical industry stabilized recovered quickly.

"THE EQUIPMENT MANUFACTURING INDUSTRY ADJUSTMENT AND REVITALIZATION PLAN" approved by the State Council, which proposes that promote the machinery industry based on high-speed railway, coal and metalmining, infrastructure, science and technology major projects, and other areas of the top ten key projects; Seizing the nine big industry key projects, and implementing of equipment manufacture; Promoting the manufacture level of the four products.

Policies and measures include strengthening equipment procurement management of investment project, encouraging the use ofdomestic first (set) equipment, promoting the enterprise merger and reorganization, etc.

These above fields involve the key departments of economic construction, which is also the breakthrough field in the development of our country’s machinery industry, especially high-end andadvanced CNC machine tools and mining machinery because these two fields are aweak line in the field of manufacturing in China. It has obvious gap with foreign advanced level. These products were listed in the key development areas; again in the next few years, it will face extraordinary development opportunities.